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Help Seve & ExhSub MC Qu. 11-78 Galaxy Industries buys back... 5 Galaxy Industnes buys back 317000 shares of its stock from investors at $62
Help Seve & ExhSub MC Qu. 11-78 Galaxy Industries buys back... 5 Galaxy Industnes buys back 317000 shares of its stock from investors at $62 a share Two years later a resues his stock for $82 a share. The stock relssue would be recorded with a debit to Cash for points Multiple Choice $25 99 milion and a credit to Treasury Stock for $25.99 milion $19.65 million, a debit to Additional Peid-in Capital for $6 34 for $19.65 milin, and a credt to Stockhoidens Equity for $6.34 millon milion, a credit to Treasury Stock $25 99 miin, a credit to Treasury Stock for $19.65 million and a credit to Additional Paid-in Capital for $6 34 milion $2599 million a credit to Treesury Shock for $1965 mtion, and a credi to Gain on Sale of Treesury Stock for $6.34 million O Type here to search SAMS
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